NYSE: ZEPP - Zepp Health Corporation

Price = Avg Price + (Avg Price * CAGR EPS% / 100)
EPS = Earning Per Share
CAGR EPS = CAGR 5 EPS
Key Rate — Nøkkelrente
Excess Key Rate — Ønsket overskridelse av styringsrenten
EPS = -3.49
CAGR EPS = 8.66%
Key Rate = 0.0433
Excess Key Rate = 2
Price = 2.29 + (2.29 * 8.66% / 100) = 2.48

Price = (Terminal Value + Company Value) / Count shares
Price - Fair pris
Terminal Value — kostnad i perioden etter prognose
Company Value — kostnad i prognoseperioden
Count shares - Antall aksjer
Terminal Value = Discount Ebitda(5) * (1 + Ebitda Yield) / (WACC - Ebitda Yield)
Company Value = ∑ (Discount Ebitda / (1 + WACC) ^ 5)
Discount Ebitda(5) = 0.0012
Ebitda Yield = -1.39
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - Gjeldsbetjeningskostnader
Debt - Plikt
Weight Debt - Kapitaliseringsvekt i forhold til gjeld
Weight Cost Debt - Gjeldsvekt i forhold til kapitalisering
Tax - Avgift
Interest Expense = 0.0477
Debt = 1.37
Market Cap = 0.0733
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0733 / (0.0733 + 1.37) = 0.0509
Weight Cost Debt = 100% - 0.0509 = 0.9491
Tax = 0.21
Cost Of Equity — diskonteringsrente
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — risikofri avkastning
β (beta) — bestemmer risikomålet for en aksje (aktiva) i forhold til markedet og viser sensitiviteten til endringer i aksjens lønnsomhet i forhold til endringer i markedslønnsomheten.
Risk Premium — risikopremie - premie for risikoen ved å investere i aksjer
Country Premium - landrisiko
k(f) = 2.82
β = -1.87
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + -1.87 * 5.94 + 0 = -0.0829
WACC = (0.0477 / 1.37) * (100% - 0.0509) * (1 - 0.21) + -0.0829 + 0.0509 = 2.75
Terminal Value = Discount (0.0012 * (1 + -1.39) / (2.75 - -1.39)) = -0.000301
Company Value = ∑ (0.0012 / (1 + 2.75) ^ 5) = 0.0374
Price = (Terminal Value + Company Value) / Count shares = (-0.000301 + 0.0374) / 60780000 = 0.6108

Price = (Terminal Value + Company Value) / Count shares
Price - Fair pris
Terminal Value — kostnad i perioden etter prognose
Company Value — kostnad i prognoseperioden
Count shares - Antall aksjer
Terminal Value = Discount FCF(5) * (1 + FCF Yield) / (WACC - FCF Yield)
Company Value = ∑ (Discount FCF / (1 + WACC) ^ 5)
Discount FCF(5) = 0.0073
FCF Yield = -0.2894
WACC = (Interest Expense / Debt) * (Weight Cost Debt) * (1 - Tax) + Cost Of Equity * Weight Debt
Interest Expense - Gjeldsbetjeningskostnader
Debt - Plikt
Weight Debt - Kapitaliseringsvekt i forhold til gjeld
Weight Cost Debt - Gjeldsvekt i forhold til kapitalisering
Tax - Avgift
Interest Expense = 0.0477
Debt = 1.37
Market Cap = 0.0733
Weight Debt = Market Cap / (Market Cap + Debt) = 0.0733 / (0.0733 + 1.37) = 0.0509
Weight Cost Debt = 100% - 0.0509 = 0.9491
Tax = 0.21
Cost Of Equity — diskonteringsrente
Cost Of Equity = k(f) + β * Risk Premium + Country Premium (Damodaran table)
k(f) — risikofri avkastning
β (beta) — bestemmer risikomålet for en aksje (aktiva) i forhold til markedet og viser sensitiviteten til endringer i aksjens lønnsomhet i forhold til endringer i markedslønnsomheten.
Risk Premium — risikopremie - premie for risikoen ved å investere i aksjer
Country Premium - landrisiko
k(f) = 2.82
β = -1.87
Risk Premium = 5.94
Country Premium = 0
Cost Of Equity = 2.82 + -1.87 * 5.94 + 0 = -0.0829
WACC = (0.0477 / 1.37) * (100% - 0.0509) * (1 - 0.21) + -0.0829 + 0.0509 = 2.75
Terminal Value = Discount (0.0073 * (1 + -0.2894) / (2.75 - -0.2894)) = 0.0144
Company Value = ∑ (0.0073 / (1 + 2.75) ^ 5) = 0.0764
Price = (Terminal Value + Company Value) / Count shares = (0.0144 + 0.0764) / 60780000 = 1.49